News list for " Milan"
Stephen Millan, the Fed governor, on Friday reiterated that the central bank should cut interest rates as inflation has cooled and monetary policy needs to offset labour market risks. Mr. Millan said the labour market was slowing and that "if we continue in this direction and we fail to adjust policy sufficiently to contain it, we will be in trouble by 2027". Mr. Millan is one of the strongest proponents of a rate cut at the Fed. At last week's meeting, he voted against a 50 basis point cut, whi...
Mr. Milan, the Fed governor, said again on Wednesday that he expected inflation to fall and reiterated his call for lower interest rates. "I think we have to get monetary policy in place - get it out of a state of being too tight and remove some of the downside risks to the economy," said Mr. Milan, who is expected to return to the White House as economic adviser when his term as a Fed governor ends in January. He voted no at the Fed's last two interest rate-setting meetings, arguing for a 50 ba...
Stephen Milan, the new governor of the Federal Reserve, issued a public clarification on his communication with US President Donald Trump on Friday, stressing that his vote at this week's monetary policy meeting was made independently and without any political interference. Earlier, the Federal Reserve announced a 25 basis point rate cut, but Milan voted against the rate decision, arguing that the rate cut should be extended to 50 basis points.
Trump's nominee for the Federal Reserve Board of Governors, Milan, received enough votes to pass the nomination vote of the US Senate and was confirmed to serve as the Federal Reserve Board of Governors. (Jin Ten)
Stephen Miran, a senior White House economic adviser, is expected to clear a hurdle in the U.S. Senate on Wednesday to win a nomination to the Federal Reserve Board of Governors, and will further Trump's efforts to exert more direct influence on interest rate policy and the broader functions of the Federal Reserve. Senate Banking Committee...
If Mr. Trump succeeds in appointing key members of the Federal Reserve, the Treasury yield curve could steepen from its highest level in four years, according to strategists at JPMorgan. The spread between US five-year and 30-year Treasury yields widened on Thursday after Mr. Trump chose Stephen Millan, chairperson of the Council of Economic Advisers, as a Fed governor. The appointment is subject to Senate approval. "Millan has long argued that the Trump administration's trade, immigration and e...
